NEWS RELEASE

Japan Residential Inv. Co. Ltd

11 December 2008

Japan Residential Investment Company Limited ("the Company")

TR-1NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Japan Residential Investment Co Ltd

2. Reason for notification  (yes/no)

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

An event changing the breakdown of voting rights

Other (please specify): Reduction in issued Share Capital

distributed by